You can't eat it, you can't drink it...If the system collapses, and money becomes obsolete, farms become extinct, all water polluted, tell me how valuable gold will be again?
2007-10-31 00:20:45 · 4 answers · asked by Anonymous in Social Science ➔ Economics
If there is any way to start over again, humans will do it. At that time gold can be used as money, like it was before paper money was used.
2007-10-31 01:26:12 · answer #1 · answered by Kira 7 · 0⤊ 0⤋
I mean collapse like a disaster where there is no economic activity in most of the economies and there is no commerce; in this situation the "exchange value"of gold is zero, but its "use value" just will be reduce.
The power of the human talent is too big and maybe with money obsolete, farms extinct and water polluted the situation just arrive like a crisis, not a collapse.
2007-10-31 00:34:57 · answer #2 · answered by CSI - Economics 4 · 0⤊ 0⤋
Only stupid people say that. The odds of a worldwide economic collapse making currencies worthless are nearly zero, and if there was one, gold would do you no good.
2007-10-31 01:49:16 · answer #3 · answered by KevinStud99 6 · 0⤊ 0⤋
The people who think gold would still be valuable would sell you food for gold, but I wouldn't, so it is a self fulfilling prophecy.
2007-10-31 05:20:49 · answer #4 · answered by meg 7 · 0⤊ 0⤋